What does "retrenchment" mean in terms of business strategy?
A) A change in the mission for the organization
B) Ceasing to do business
C) Cutting back some operations
D) An increase in the market share for two or more products
E) Growth at a modest rate

Question

Quizplus · Accepted Answer

Retrenchment in terms of business strategy refers to cutting back some operations or reducing expenses to improve financial performance. This may involve downsizing the workforce or selling off non-core assets.

What Does "Retrenchment" Mean in Terms of Business Strategy